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18 Jun 2019 | 08:32

First Derivatives takes full ownership of Kx Systems after purchasing outstanding stake for $53.8m

First Derivatives took full ownership in Kx Systems after completing the purchase of an outstanding stake in the latter for $53.8m in cash.

'Since we acquired a controlling stake in Kx Systems in October 2014 we have invested heavily to deliver the performance advantages of our combined solutions, branded as Kx technology, to a range of end-markets,' said Brian Conlon, Chief Executive Officer of First Derivatives. 'We are making exciting progress as we demonstrate our ability to transform our customers' operational performance by unlocking the value in their data. Full ownership of Kx Systems is an important milestone as we continue to commercialise our technology.'

At 8:32am: (LON:FDP) First Derivatives PLC share price was +22.5p at 3482.5p

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